Board of Directors and Officers

Romeo L. Bernardo - Chairman

Mr. Bernardo, Filipino, born in 1954, 58 years old, is the Chairman of the fund since 2009. He is currently the Managing Director of Lazaro Bernardo Tiu & Associates, Inc. and GlobalSource economist in the Philippines. Mr. Bernardo is likewise a director of several companies and organizations including Aboitiz Power, BPI, Globe Telecom Inc., RFM Corporation, Philippine Investment Management, Inc. (PHINMA), Philippine Institute for Development Studies (PIDS), BPI-Philam Life Assurance Corporation, National Reinsurance Corporation of the Philippines and Institute for Development and Econometric Analysis (IDEA). He is the Chairman of ALFM Peso Bond Fund, Inc. from 2009 to present, ALFM Dollar Bond Fund, Inc. from 2003 to present, ALFM Euro Bond Fund, Inc. from 2005 to present, ALFM Growth Fund, Inc. from 2007 to present and Philippine Stock Index Fund Corp. since 2007. Mr. Bernardo was an alternate director of the Asian Development Bank from 1997 to 1998 and Undersecretary for International Finance, Privatization & Treasury Operations of the Department of Finance of the Republic of the Philippines from 1990 to 1996. Mr. Bernardo received a Bachelor of Science degree in Business Economics (magna cum laude) from the University of the Philippines and a Masters in Development Economics degree from Williams College in Williamstown, Massachusetts.


Maria Theresa M. Javier - Vice Chairman

Ms. Javier, 42, Filipino, is the Group Head of the Asset Management and Trust Group of Bank of the Philippine Islands (BPI), a position she assumed since 2009.  She joined BPI in 1995. She serves as Director of the following mutual fund companies: ALFM Peso Bond Fund, ALFM Dollar Bond Fund, ALFM Euro Bond Fund, ALFM Money Market Fund, ALFM Growth Fund, and Philippine Stock Index Fund.  She is a member of the Board of Senior Advisers of the Fund Managers Association of the Philippines and the Trust Officers Association of the Philippines, and served as President of both associations. She is also a Director of the following companies:  BPI Investment Management, Inc., McCann World Group Philippines, Inc., Fintec Holdings, Inc., Phase II Holdings, Inc., Cebu Holdings, Inc., Cebu Property Ventures & Development Corp., and Roxas Land Corporation.  She graduated cum laude from the University of the Philippines Los Banos in 1990 with a B.S. Economics degree and finished her Masters Degree in Economics in 1994 at the University of the Philippines School of Economics Diliman. In 2006, she took up the CFA Institute Investment Management Workshop at the Harvard Business School in Boston, Massachusetts. She completed the Advanced Management Program also at the Harvard Business School in 2010.


Ms. Sherisa P. Nuesa - President

Ms. Nuesa, Filipino, born 1954, 58 years old, is formerly a Managing Director of Ayala Corporation. Currently, she is a Board member of the Blackhorse Emerging Enterprises Fund (Singapore), Far Eastern University, Psi Technologies, Inc., FERN Realty, Institute of Corporate Directors, and Manila Water Company.  From 2009 to July 2010, she was seconded to Integrated Micro-electronics, Inc. (IMI) as CFO and Senior Managing Director, also concurrently Chief Administrative Officer. Previous to the IMI assignment, she was the CFO of Manila Water Company for nine (9) years up to Dec. 2008, where she was instrumental in the company’s successful Initial Public Offering (IPO). In 2008, she was voted ING-Finex (Financial Executives Institute of the Philippines) CFO of the Year. Her past assignments in the Ayala Group include being a member of the Senior Management Committee of Ayala Land up to 1999, where she was Head of the Commercial Centers Group and previously the Group Comptroller. She also served as a Board member of various Ayala Land subsidiaries.  Ms. Nuesa has several successful IPOs to her credit, playing a lead role in the IPOs of Ayala Land, Inc., Cebu Holdings, Inc., Cebu Property Ventures & Development Corporation, Manila Water Company, as well as the PSE listing of IMI.  Ms. Nuesa graduated summa cum laude from the Far Eastern University (Institute of Accounts, Business and Finance) in 1974.  She holds a Master in Business Administration (MBA) degree from the Ateneo-Regis Graduate School of Business. In 1991, she attended the Financial Management Program for Executives, at Stanford University in California and in 1999, she completed the 3-month Advanced Management Program of the Harvard Business School for senior executives, in Boston, Massachusetts. She was installed in the Society of Fellows (Professional Directorship Program) of the Institute of Corporate Directors, Philippines in 2011.


John Philip S. Orbeta - Director

Mr. Orbeta, Filipino, born in 1961, 51 years old, is a Managing Director of Ayala Corporation and the Head of its Corporate Services Group.  He is also a member of its Senior Management Committee.  He founded HRMall, a subsidiary of Ayala Corp. and currently is its President.  HR Mall is the Ayala Group’s shared services center and is now a full-fledged business process outsourcing (BPO) company specializing in human resource services. He also directs the Ayala Business Club and manages the Ayala Young Leaders Congress. Prior to joining Ayala in 2005, Mr. Orbeta was a Vice President at Watson Wyatt & Company, a NYSE-listed global consulting firm, and led its Human Capital Consulting Group which supervised operations in the U.S. and Canada, the U.K. and Europe, Asia Pacific, and Latin America. He transformed Watson Wyatt Philippines into one of its most successful country offices during his nine (9) year tenure as Managing Director. He was also a Board member of Watson Wyatt & Co. from 2000 to 2003.  In 2008, Mr. Orbeta’s program “Reinventing HR at Ayala” was awarded the People Program of the Year by the People Management Association of the Philippines (PMAP). He received the Global HR Excellence Award for HR Leadership in the Philippines from the World HR Congress.  In 2009, he was awarded by PMAP as the People Manager of the Year.  Mr. Orbeta graduated  from the Ateneo de Manila University in 1982 with an A.B. Economics degree. He accomplished the requirements of the American Compensation Association’s Certified Compensation Profession (CCP) Program in 1989. He completed the Watson Wyatt Leadership Development Program at Harvard Business School, Boston, Massachusetts, in 1995.

Mario T. Miranda - Director

Mr. Miranda, Filipino, 55 years old, is currently the head of AMTG’s Wealth Management Team, overseeing customer relationship management (CRM) of all individual customers of AMTG. His team is tasked with providing wealth management services to the various segments of the bank’s consumer banking group. He is also a part time faculty – Graduate School, Mathematics Department of the Ateneo de Manila University. He earned his MBA from the University of California and is a Registered Financial Consultant. He graduated from Management Engineering, a premier 5 year honors course from the Ateneo de Manila University.


Fernando J. Sison III - Treasurer

Mr. Fernando J. Sison III, Filipino, born in 1952, 61 years old, is the Treasurer of the Fund since 2009.  He used to be the President of BPI Investment Management, Inc. from May 2004 to June 2012. He previously served as Vice President and head of many of BPI's divisions, including AMTG Retail Trust Division, AMTG Portfolio Management Division, Securities Distribution Group’s Retail Funds Distribution, and Private Banking Unit.  He was assigned in BPI International Finance Ltd. (HK) as Head of Investment Management Division and in BPI Capital Corporation – Corporate Finance Group as Vice President and Head of Syndications and Underwriting.  He completed the corporate finance module of JP Morgan in New York City and underwent on-the-job training in corporate finance with JP Morgan in Hongkong. He previously served as President of the Investment Company Association of the Philippines (ICAP) in 2003, 2004, and 2006 and currently serves as Chairman of the Board of the Philippine Investment Funds Association (PIFA), formerly ICAP, from 2008 to 2012-2013.  He served as Industry Governor of the Market Governance Board of the Philippine Dealing and Exchange Corp. in 2008 and 2011 and currently sits as Alternate Governor.  He is a SEC-licensed Certified Investment Solicitor from 2001 to 2012. Mr. Sison graduated from the Ateneo de Manila University in 1974 with the degree A.B. General Studies (Honorable Mention).  He obtained his M.B.A. degree in 1976 from the University of the Philippines (Diliman). 

Elvie Y. Reyes - Compliance Officer

Ms. Reyes, Filipino, born in 1972, 40 years old, graduated in 1993 from the University of Santo Tomas with a degree of Bachelor of Science Major in Accounting and passed the Licensure Exam for Certified Public Accountant on the same year.  She has19 years of banking and trust investment experience.



Atty. Sabino B. Padilla IV - Corporate Secretary

Atty. Sabino B. Padilla IV, born in 1960, 52 years old, is the Corporate Secretary of the Fund.  Atty. Padilla graduated with a degree in Bachelor of Laws from the University of the Philippines in 1985.  He then received his Master of Laws from the Harvard University, USA in 1988.  He is currently a partner of the Padilla Law Office which is legal counsel to various religious orders, societies and congregations for men and women as well as educational institutions and hospitals operated by them, and to BPI and its subsidiaries.  Atty. Padilla is also the Corporate Secretary of other mutual funds such as ALFM Money Market, ALFM Dollar, ALFM Euro, ALFM Growth and Philippine Stock Index Fund.